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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (45369)	2/2/1999 3:25:00 AM
From: Peter Singleton	Read Replies (2) of 132070

hey, Michael, I'm still just shifting through data on PC revenues for 1998 ... From Morgan Stanley, <<A +5.6% jump in Q4 GDP -- roughly a full percentage point more than anticipated -- was the sharpest rise in 2 1/2 years and provides a very steep ramp for growth heading into 1999. The major upside surprise in the Q4 figures, was a solid rebound in capital spending. Overall business fixed investment jumped 16.7% in Q4 after dipping 0.7% in the prior quarter. A 21.0% surge in producers' durable equipment spending added 1.6 percentage points to overall GDP growth in the quarter. Continued heavy spending on technology has bolstered investment even as capacity utilization rates have dropped.>> Q3 was obviously a bummer for tech (and corporate PC sales) ... but it looks like Q4 was quite strong. How does this data fit in with your thinking about PC revenues 1998? Peter

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